Here it is no spin. 10K page 24 very clear and without any ambiguity. It is amazing when only a few read the 10K. No guessing required. Chipboarder, you are correct.
So if Movano sold X amount of rings. One then would get a fair estimate of what LQMT earns per ring based on the income they reported for those rings in the 10K. Would that be a fair way to nail it down? I think so.
From the 10K page 24…
“Revenue. Total revenue increased by $127 to $510 for the year ended December 31, 2023 from $383 for the year ended December 31, 2022. The increase was attributable to increase in product shipments primarily related to the launch of health monitoring rings utilizing our technology.”
It pays to do your DD. $127,000 dollars and the only guess work involved is the number of rings ordered. We can fairly ascertain that between 4000 and 4200 were sold. How many were ordered or what the terms are between LQMT and Movano Health requires more DD.
Chipboarder, your viewpoints on the earnings regarding the ring are spot on 100%.
My guess based on what Movano stated if the revenue is based on what is sold, is around $30 per ring. If it is on how many were ordered for manufacturing,then the earnings per ring are going to be less.
Either way, if the unknown terms of the agreement remains as is, this should be enough to stop the share price from heading down and to reverse the trend of the past seven years.
Meaning there is real potential for TC and LQMT to finally achieve LL’s goal for increasing shareholder value. Imo, once the share price increases to around 30 cents a share the floodgates of new investors will open up again.
This new potential should begin to increase trading volumes again and bring in new interest as the potential for LQMT’s share price is no longer speculative. Couple this with the expectations from TC for the year ending 2024 and hype will have added value as well.
